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14 Nov 23
High oil prices and fiscal discipline seem set to boost Gulf Cooperation Council governments’ fiscal situations, S&P Global Ratings has said.
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19 Aug 21
The Kuwaiti Cabinet has ordered all government departments to reduce spending by at least 10% this financial year, to reduce the national deficit.
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5 Aug 21
Falling oil revenues amid Covid-19 reemphasises the need for Gulf Cooperation Council countries to diversify their economies to spread risk, according to a report by World Bank economists.
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15 Jun 21
Kuwait’s central bank chief has said economic stability is “unattainable” without reforms to the oil-dependent, public-sector-dominated economy.
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5 Apr 18
Donor countries have pledged more than $2bn in humanitarian aid in response to the “worst manmade humanitarian crisis” in Yemen, at a pledging event in Geneva on Tuesday.
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15 Feb 18
Gulf nations have pledged $30bn to Iraq at a conference this week, which was organised to discuss the reconstruct of the war-torn country’s economy.
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12 Dec 17
Kuwait has replaced its finance, oil and defence ministers in cabinet changes following mass ministerial resignations, state news agency KUNA has said.
14 Nov 23High oil prices and fiscal discipline seem set to boost Gulf Cooperation Council governments’ fiscal situations, S&P Global Ratings has said.
19 Aug 21The Kuwaiti Cabinet has ordered all government departments to reduce spending by at least 10% this financial year, to reduce the national deficit.
15 Jun 21Kuwait’s central bank chief has said economic stability is “unattainable” without reforms to the oil-dependent, public-sector-dominated economy.
5 Apr 18Donor countries have pledged more than $2bn in humanitarian aid in response to the “worst manmade humanitarian crisis” in Yemen, at a pledging event in Geneva on Tuesday.
15 Feb 18Gulf nations have pledged $30bn to Iraq at a conference this week, which was organised to discuss the reconstruct of the war-torn country’s economy.
